Housing in Alva, OK is much more affordable than the national average of $338,100. The median value for a house in Alva, OK is only $105,000. This is significantly lower than the national average and makes it a great place to live for those on a budget. Although the US housing market experienced an 8.27% appreciation rate in one year, Alva's housing market had an impressive 1.16% appreciation rate in that same timeframe. This indicates that Alva's housing market is steadily growing and beginning to catch up with the rest of the country.
The median home cost in Alva is $105,000. Home appreciation the last 10 years has been 41.1%. Home Appreciation in Alva is up 4.7%.
Average Age of Homes
- The median age of Alva real estate is 58 years old
The Rental Market in Alva
- Renters make up 32.9% of the Alva population
- 7.0% of houses and apartments in Alva, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.